Calvin Risk, an ETH Zurich spin-off specialising in AI risk management and governance, has raised $4m in a seed funding round led by Join Capital and seed + speed Ventures.
The investment brings the Swiss startup’s total funding to over $5m since its inception in 2022.
The Zurich-based company focuses on helping enterprises deploy artificial intelligence (AI) safely, offering automated testing and quantitative risk assessments to tackle operational risks such as bias, opaque decision-making, and unpredictable behaviour in AI systems.
Calvin Risk’s platform provides real-time, adaptive assessments, offering organisations a comprehensive view of their AI models’ risks and compliance with regulations, including the impending EU AI Act.
With the fresh funding, Calvin Risk plans to scale its platform, enhance its AI risk assessment tools, and expand its reach across European markets.
The company is particularly focused on making AI governance accessible for enterprises at all levels, aiming to support corporate governance teams and simplify regulatory compliance.
Founded at ETH Zurich, Calvin Risk combines academic excellence with practical expertise. Its solutions stand out for their proactive risk evaluations, offering pre-deployment assessments and continuous monitoring, unlike traditional post-incident analyses.
This modular framework supports governance digitisation and automated AI testing, catering to industries like financial services, transportation, and telecommunications.
Notable partners include global institutions such as Aviva, Lloyds Banking Group, and Lufthansa Industry Solutions. The company has achieved significant milestones, including the first GenAI model certification from TÜV Süd, and winning awards like Risk.net’s Model Risk Management Product of the Year.
Julian Riebartsch, CEO and founder of Calvin Risk, commented, “With AI systems becoming central to operations, proper corporate governance must now include explicit AI risk management at the Board level. Through our governance and risk management platform, we provide businesses with deep insights into their AI inventory, enabling them to analyse technical, ethical, and regulatory risks qualitatively and quantitatively.”
This funding follows previous partnerships with innovation hubs like Generali’s HITS Innovation Garage, cementing Calvin Risk’s position as a leader in AI risk management. As AI adoption continues to rise, Calvin Risk remains committed to ensuring enterprises can innovate confidently while meeting stringent safety and compliance standards.
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